A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 159 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Responsible Finance as a Point of Synergy for Issuers and Investors when Tapping International Capital Markets
3 June 2021
11:00—12:15

The transformation of the global economy to a low-carbon model will require substantial funding, which has been estimated at USD 120 trillion. At the same time, another transition is under way, whereby ESG principles are forming a key component of investment projects. It is a model that is becoming increasingly interesting to investors and borrowers, and the ESG bond market is growing rapidly. The global market is already worth USD 1 trillion, making it bigger than the Russian debt and equity markets combined, and it has the potential to grow tenfold by 2025. International standards and a financial infrastructure have been put in place, and Principles for Responsible Investment (PRI) are set to be toughened in 2021–2022. This will lead to an increase in the proportion of assets being managed according to compulsory ESG principles from 50% to 90% (or USD 90 trillion). This will only serve to increase the flow of investment in responsible finance tools. As things stand, the Russian economy is not able to comply with strict green standards, and the country’s public institutions and businesses are therefore faced with the challenge of overhauling their strategies. If they do not do so, the risk of becoming less competitive and more restricted as a result of a range of consequences (such as the EU’s carbon tax) is very real. Moreover, the Russian market is limited in terms of potential finance. What needs to be done to prepare for and comply with the new reality, given that only a few players have full access to the tools provided by the international market?


Date
03.06.2021
Forum
SPIEF
Started at
11:00—12:15
Conference hall
Pavilion G, conference hall G5
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